Arhaus (NASDAQ:ARHS) Given New $10.00 Price Target at Jefferies Financial Group

Arhaus (NASDAQ:ARHS) had its price objective boosted by Jefferies Financial Group from $9.50 to $10.00 in a research note published on Friday morning,Benzinga reports. They currently have a hold rating on the stock.

ARHS has been the topic of a number of other reports. Wedbush dropped their target price on shares of Arhaus from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Craig Hallum downgraded shares of Arhaus from a “buy” rating to a “hold” rating and decreased their price objective for the company from $14.00 to $10.00 in a research note on Tuesday, October 15th. Bank of America cut Arhaus from a “buy” rating to a “neutral” rating and cut their target price for the stock from $15.00 to $11.00 in a research report on Thursday, November 7th. Barclays reduced their target price on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $11.00 price target on shares of Arhaus in a research note on Friday. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.10.

Arhaus Stock Up 15.0 %

Arhaus stock opened at $10.88 on Friday. Arhaus has a 1-year low of $8.30 and a 1-year high of $19.81. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 0.52. The stock has a market cap of $1.53 billion, a PE ratio of 19.43, a P/E/G ratio of 14.78 and a beta of 2.58. The stock’s fifty day moving average is $9.79 and its two-hundred day moving average is $11.74.

Arhaus (NASDAQ:ARHS) last issued its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $319.13 million for the quarter, compared to analyst estimates of $328.94 million. Arhaus had a return on equity of 24.92% and a net margin of 6.18%. Arhaus’s revenue was down 2.2% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS. On average, sell-side analysts expect that Arhaus will post 0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ARHS. Amalgamated Bank acquired a new position in Arhaus during the 2nd quarter worth approximately $30,000. Quantbot Technologies LP purchased a new stake in shares of Arhaus in the third quarter valued at approximately $43,000. Quest Partners LLC grew its holdings in Arhaus by 716,800.0% during the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after acquiring an additional 7,168 shares during the period. Intech Investment Management LLC purchased a new position in Arhaus in the third quarter worth $131,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Arhaus in the second quarter valued at $244,000. 27.88% of the stock is owned by hedge funds and other institutional investors.

Arhaus Company Profile

Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market in the United States. It provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor. The company's furniture products comprise bedroom, dining room, living room, and home office furnishings, which includes sofas, dining tables and chairs, accent chairs, console and coffee tables, beds, headboards, dressers, desks, bookcases, modular storage, and other items; and outdoor products, such as outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.